Business · Companies · 4 hrs ago
Barrick plans to list North American unit on New York Stock Exchange
Barrick Mining plans to list its North American unit on the New York Stock Exchange, rather than on its home exchange in Toronto.
The Toronto-based gold company said in a filing alongside its third-quarter results that it expects the unit, called North American Barrick, to trade on the NYSE.
The planned IPO is part of Barrick’s effort to win back investor approval after years of lagging industry peers.
Barrick has arranged to divide management, with CEO Mark Hill set to lead the North American unit and Sebastiaan Bock to lead its international operations.
The listing could take place later this year or in early 2027, depending on market conditions and required approvals.
The company plans to file a registration statement with the US Securities and Exchange Commission this month.
Gold prices have fallen about 25 per cent from their January record, adding uncertainty around the planned share sale.
Barrick Mining plans to list its North American unit on the New York Stock Exchange.
The company said in a regulatory filing alongside its third-quarter earnings that it expects the unit to be listed there.
Barrick plans to file a registration statement with the U.S. Securities and Exchange Commission this month.
The proposed IPO is expected later in 2026 or early in 2027, subject to market conditions and approvals.
The planned listing is part of Barrick’s strategy to regain investor approval after years of underperforming industry peers.
- Who
- Barrick Mining Corp. plans the listing of its North American unit.
- What
- It expects the unit to be listed on the New York Stock Exchange as part of a planned IPO.
- When
- The IPO is planned for later in 2026 or early in 2027. Barrick plans to file a registration statement this month.
- Where
- The New York Stock Exchange in the United States.
- Why
- The IPO is part of Barrick’s strategy to win back investor approval after years of underperforming industry peers.
This story does not have two clearly opposing sides.
Gold bullion hit a record high of around US$5,580 an ounce.
Barrick reiterated that the planned IPO could occur later in 2026 or early in 2027.
Barrick plans to file a registration statement with the U.S. Securities and Exchange Commission.
The planned transaction is expected to take place, subject to market conditions and necessary approvals.
- Planned exchange
- New York Stock Exchange
- Registration statement
- Barrick plans to file with the U.S. Securities and Exchange Commission this month
- IPO timing
- Later in 2026 or early in 2027
- Current primary listing
- Toronto Stock Exchange
- Gold price decline
- About 25 per cent since its January record high of around US$5,580 an ounce